The House Financial Services Committee held a hearing on Wells Fargo’s unauthorized opening of millions of customer accounts, with embattled Chairman and CEO John Stumpf testifying. MarketWatch live-blogged the proceedings.

Hensarling says it’s not clear yet whether regulators deserve praise “or a kick on the backside.” Many Democrats have been championing the Wells Fargo fine as a victory for the under-fire Consumer Financial Protection Bureau. Republicans haven’t yet joined that celebration.

Hensarling adds that he’s an unhappy Wells Fargo customer — and if that he were in a position to repay his mortgage, he would.

The ranking member, Rep. Maxine Waters, now is laying into Wells Fargo. It’s of particular interest to Waters given the number of problems in Los Angeles, a part of which Waters represent. One constituent, Waters say, complained to Wells Fargo about unopened accounts — and got arrested by police. (In fairness, we do not know the nature of those complaints.)

She also says the Senate testimony was “unsatisfactory” — and, like Hensarling, is asking who knew about it and when.

Rep. Carolyn Maloney talking about a 2013 sale of stock — $13 million worth, which she says is the largest of his career. “Did you dump the stock after finding out about the fraudulent accounts,” she asks.

Stumpf says he sold them “with no view” about the account issue. Maloney says the stock sale was suspicious.

Rep. Michael Capuano found an actual Wells Fargo bank robber who’s in jail. “What the heck is the difference between you and Mr. Holmes,” Capuano said. The representative noted that Holmes didn’t have a gun and apologized.

Break-up talk usually helps a company stock. Not so in this case. Should hasten to add that there’s a long way to go before Wells Fargo would be broken up — Congress is more likely to repeal Dodd-Frank than it is order a bank to be broken up. The regulators who have that power, to break up a bank, have shown absolutely no interest in doing so.